Burnham fiscal rules pledge welcomed but 'difficult trade-offs' await

Speaking in Manchester today (29 June), Burnham outlined a ten-year agenda to transfer power out of Whitehall and boost living standards in "every postcode" of the UK while maintaining sound public finances. He committed to sticking with Chancellor Rachel Reeves' fiscal rules on borrowing in a bid to keep markets settled, given he previously rattled them by saying the government should not be "in hoc" to the bond market. The Makerfield MP also pledged to set up a ‘No 10 North' in Manchester, through which power and resources could be redistributed across the country, while also promis...